Garrett Motion officer plans $805K stock sale
Rhea-AI Filing Summary
Garrett Motion Inc. (GTX) received a Rule 144 notice indicating that officer Daniel Deiro plans to sell up to 30,000 shares of Garrett Motion common stock through UBS Financial Services Inc. An estimated aggregate market value of $804,600.00 is reported for these shares, with a proposed sale date of 09/01/2026 on NASDAQ.
The shares to be sold arise from equity awards granted by the issuer, including 21,967 PSUs dated 02/22/2024, 6,892 RSUs dated 04/30/2024, and 1,141 RSUs dated 02/17/2025, which together account for the 30,000 shares covered by this notice.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 30,000 shares of common stock
Aggregate market value: $804,600.00
Proposed sale date: 09/01/2026
+3 more
6 metrics
Shares to be sold
30,000 shares of common stock
Planned Rule 144 sale through UBS Financial Services Inc.
Aggregate market value
$804,600.00
Estimated value of 30,000 common shares covered by the notice
Proposed sale date
09/01/2026
Date listed for proposed NASDAQ sale of common shares
PSUs underlying sale
21,967 PSUs
Common stock from PSU grant dated 02/22/2024
RSUs underlying sale (04/30/2024)
6,892 RSUs
Common stock from RSU grant dated 04/30/2024
RSUs underlying sale (02/17/2025)
1,141 RSUs
Common stock from RSU grant dated 02/17/2025
Key Terms
Rule 144, PSU, RSU, attorney-in-fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
PSU financial
"Common | 02/22/2024 | PSU | Issuer | | | 21967 |"
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
RSU financial
"Common | 04/30/2024 | RSU | Issuer | | | 6892 |"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
attorney-in-fact regulatory
"Signature | /s/ UBS Financial Services Inc, as attorney-in-fact for Daniel"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing disclose for Garrett Motion Inc. (GTX)?
It discloses that officer Daniel Deiro plans to sell up to 30,000 shares of Garrett Motion common stock under Rule 144 through UBS Financial Services Inc., with an estimated aggregate market value of $804,600.00 and a proposed sale date of 09/01/2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.